That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance ...
It was once nearly unheard of, but now, the seven-year car loan is pretty much par for the course for one simple reason: it's the only way most normal folks can afford to own new cars. Average car ...
Seven-year car loans now account for 22.4% of all new vehicle financing - a record that signals just how broken car affordability has become. Monthly payments hitting $1,000 shouldn’t be normal, yet ...
More new-car shoppers are taking on seven-year loans, a trend that underscores the rising cost of financing a vehicle. Seven-year loans made up 19.8% of all new vehicle financing by dealers in the ...
More borrowers fell significantly behind on their car payments last month — and experts say the resumption of student-loan payments could be a contributing factor. Car loans delinquent by at least 60 ...
With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
WASHINGTON (Reuters) - The U.S. Justice Department has sued Quicken Loans Inc for filing false claims on government-insured mortgages and other violations. The complaint, filed in the U.S. District ...
Student-loan forbearance offered many borrowers relief - but the resumption of payments is putting an additional strain on those with car loans Since federal student-loan repayment resumed, ...